Canoe Financial LP Buys 22,248 Shares of Willis Towers Watson Public Limited Company $WTW

Canoe Financial LP lifted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,589 shares of the company’s stock after purchasing an additional 22,248 shares during the quarter. Canoe Financial LP owned about 0.26% of Willis Towers Watson Public worth $88,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of WTW. Norges Bank purchased a new position in Willis Towers Watson Public during the second quarter worth $458,662,000. Dodge & Cox bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $391,837,000. Soundwatch Capital LLC purchased a new position in shares of Willis Towers Watson Public during the 2nd quarter worth about $272,790,000. Alliancebernstein L.P. grew its holdings in Willis Towers Watson Public by 80.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after purchasing an additional 462,249 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Willis Towers Watson Public by 1,320.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 324,317 shares of the company’s stock worth $99,403,000 after purchasing an additional 301,493 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

WTW has been the subject of several recent analyst reports. UBS Group boosted their target price on Willis Towers Watson Public from $395.00 to $398.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. TD Cowen decreased their price target on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willis Towers Watson Public in a research report on Monday. Barclays reduced their target price on Willis Towers Watson Public from $341.00 to $303.00 and set an “underweight” rating on the stock in a research note on Thursday, November 20th. Finally, Piper Sandler lowered their target price on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $367.23.

Willis Towers Watson Public Trading Up 0.6%

Shares of NASDAQ WTW opened at $334.44 on Friday. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79. The firm has a market cap of $32.02 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.83 and a beta of 0.63. The business has a fifty day simple moving average of $323.49 and a two-hundred day simple moving average of $322.47. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.61.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.93 EPS. Analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.92 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public’s payout ratio is currently 17.52%.

Willis Towers Watson Public declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 18th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.